Amazon turned 25,000 sellers into millionaire

July 11, 2019 | Investopaper

On 5th July 2019, US technology company Amazon completed its 25th anniversary. It is the second biggest company in the world which has the valuation of near around $ 1000 billion. Jeff Bezos, the CEO of the company, is still the richest man of the planet although he paid the huge sum to his ex-wife Mckenzie after a divorce. Jeff Bezos net worth is still above 100 billion dollars.

The company started as a unit of 3 members. Now, it is the biggest company in terms of the employee providing more than 6 lakh employment opportunities in the USA. The company share value was around 1.96 dollars per share when it got listed in the stock market. Now, the company has changed its fortunes through strong growth in 25 years. As a result, the share price of the company stands at more than $2000 per share.

Those businessmen who have placed their products for sales in Amazon platform are already a millionaire. It is the world’s largest and popular e-commerce marketplace to place your products for sales. The company mainly focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the biggest technology companies along with Google, Apple, and Facebook.


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